Citigroup (NYSE:C) had its target price raised by investment analysts at Keefe, Bruyette & Woods from $80.00 to $87.00 in a report issued on Thursday. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 15.78% from the company’s previous close.
C has been the topic of several other reports. Raymond James Financial began coverage on Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley upped their target price on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Deutsche Bank reaffirmed a “hold” rating and set a $67.00 target price (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating and set a $65.00 target price on the stock. in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Citigroup presently has an average rating of “Buy” and a consensus target price of $76.54.
Shares of Citigroup (NYSE C) opened at $75.14 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $201,340.75, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.49 and a beta of 1.55. Citigroup has a 12 month low of $55.23 and a 12 month high of $77.92.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period in the prior year, the business posted $1.24 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. analysts anticipate that Citigroup will post 5.3 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares during the period. Vanguard Group Inc. boosted its position in Citigroup by 2.5% during the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after purchasing an additional 4,391,347 shares in the last quarter. FMR LLC boosted its position in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Finally, Harris Associates L P boosted its position in Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after purchasing an additional 221,171 shares in the last quarter. 78.59% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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